Jack and diane decided to remodel their kitchen. they removed their old cabinets and replaced them with newer, nicer cabinets. they installed the old cabinets in a rental home that they own and lease to other people. the original cost of the old cabinets was $6,000. the fair market value on the date they were installed in the rental house was $2,500. the cost of the new cabinets was $11,000. what amount should jack and diane use as the basis for depreciation for the cabinets that have been installed in the rental property?

What is the relationship between marginal external cost, marginal social cost, and marginal private cost? a. marginal social cost equals marginal private cost plus marginal external cost. b. marginal private cost plus marginal social cost equals marginal external cost. c. marginal social cost plus marginal external cost equals marginal private cost. d. marginal external cost equals marginal private cost minus marginal social cost. marginal external cost a. is expressed in dollars, so it is not an opportunity cost b. is an opportunity cost borne by someone other than the producer c. is equal to two times the marginal private cost d. is a convenient economics concept that is not real

The hartman family is saving $400 monthly for ronald's college education. the family anticipates they will need to contribute $20,000 towards his first year of college, which is in 4 years .which best explain s whether the family will have enough money in 4 years ?

The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.